China new bank loans more than double in August

China new bank loans more than double in August Shanghai (AFP) Sept 14, 2016 - Lending by Chinese banks more than doubled month-on-month in August, reversing from a sharp fall in July, the central bank said Wednesday, another sign of stabilisation in the world's second-largest economy. New loans extended by banks jumped to 948.7 billion yuan ($141.8 billion) last month, up from the 463.6 billion yuan in July, the People's Bank of China (PBoC) said. The figure was b ... more

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